Absorption Report

Wesley Chapel, FL, House

Absorption Report

The absorption rate is essentially the total number of months that it would take to sell all of the current listings in a particular market. These ratings are in a constant state of fluctuation, based on supply and demand, and usually involve all homes sold within the previous six-month period. A lower absorption rate means that the property will likely take a bit longer to sell, and conversely, a higher number indicates that the property is likely to sell much faster. Both buyers and sellers can use this data to help predict sales activity and home prices for the property in question. For example, if a homeowner lives in a market with an absorption rate of 5-months and is also anxious to sell due to a job transfer, then it might be in his or her best interest to be more aggressive in the listing price.

Seller's
Market		 Balanced
Market		 Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
126k-150k 1 0.2 0
226k-250k 1 0.2 0
276k-300k 3 8 1 0.4 2.3
301k-325k 10 20 5 0.3 3
326k-350k 23 51 9 0.4 2.7
351k-375k 35 61 12 0.3 3.4
376k-400k 28 88 15 0.5 1.9
401k-425k 35 90 17 0.4 2.3
426k-450k 39 84 10 0.4 2.8
451k-475k 27 58 9 0.4 2.8
476k-500k 44 79 15 0.3 3.3
501k-550k 45 80 5 0.3 3.4
551k-600k 44 62 6 0.2 4.3
601k-650k 32 49 4 0.3 3.9
651k-700k 27 39 6 0.2 4.2
701k-750k 28 27 1 0.2 6.2
751k-800k 16 21 0.2 4.6
801k-850k 4 11 4 0.5 2.2
851k-900k 10 14 2 0.2 4.3
901k-950k 6 6 1 0.2 6
951k-1m 4 6 0.3 4
1m-1.1m 5 8 0.3 3.8
1.1m-1.2m 5 4 2 0.1 7.5
1.2m-1.3m 3 7 0.4 2.6
1.3m-1.4m 6 2 0.1 18
1.4m-1.5m 4 5 0.2 4.8
1.5m-1.6m 1 2 0.3 3
1.6m-1.7m 1 0.2 0
1.7m-1.8m 2 0
1.9m-2m 2 0
3.5m-4m 1 0